In an interview to CNBC-TV18, Rajeev Chandrasekhar, MP of Rajya Sabha, and Hari Prasad, the Whistleblower who wrote letter to the PMO of a possible scam at PNB in 2016 discussed the key developments of the scam.
Have received the approval for Nakshatra IPO in June, it is still in the planning stage and in due course we will be filing it, Abhishek Gupta, Group Advisor of Gitanjali Gems said.
Gitanjali Gems posted a good set of Q1 earnings. In an interview to CNBC-TV18, Abhishek Gupta, Group Advisor of Nakshatra World spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Abhishek Gupta, Group Advisor at Gitanjali Gems spoke about the results and discussed the company's performance.
The company plans to open 25-30 large and small format stores and tie-up with large players in hyper market space, says Saurav Bhattacharya, Group President, Gitanjali Gems.
Although the industry is not happy that the excise duty has not been rolled back, Sanjeev Agarwal, chief of Gitanjali Export Corporation, is relieved that jewellers are back in business.
"We have to maintain a 20 percent export which is fair and will be very good for the government as well," Mehul Choksi says in an interview to CNBC-TV18.
Abhishek Gupta, president, Gitanjali Gems, says gold companies face immediate working capital pressures due to recent RBI guidelines, which prohibit jewellers to buy gold on credit.
Gems and jewellery company Gitanjali Gems which is also a star trading house sees a marginal impact on the gold it imports directly following RBI's new gold import rules.
Gitanjali Gems has acquired two jewellery brands — Nirvana and Viola. In an interview to CNBC-TV18, Abhishek Gupta, president, Gitanjali Gems says Nirvana is a 15-year old brand having access to almost 106 shop-in-shops. "Viola has got an access to 60 shop-in-shops," he adds.
Abhishek Gupta, president of Gitanjali Gems says the company has seen a surge of almost 45-50 percent this festive season in diamond jewellery alone. "Margin will definitely improve because the diamond jewellery has better margins," he adds. He expects 30-35 percent growth in revenues this year.
Gitanjali Gems expects gold prices to stabilise going forward, which will then help boost demand.
In an interview with CNBC-TV18’s Latha Venkatesh and Anuj Singh, Mehul Choksi, CMD of Gitanjali Gems spoke about the latest happenings in their company and the road ahead.